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Tag: nytax

How Manhattan’s Commercial Rent Tax (CRT) Changes Might Benefit Your Bottom Line

If you rent commercial space for a company located in designated sections of Manhattan, you might soon qualify for significant tax relief. Your business could save thousands of dollars annually as a result of upcoming changes to New York City’s Commercial Rent Tax, or CRT. First, a little background. Manhattan’s CRT The CRT is currently paid by commercial tenants renting space below 96th Street and above Murray Street in Manhattan who pay at least $250,000 in annual rent. The effective...

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